RD Calculator
Estimate the maturity value and interest on a monthly recurring deposit, with quarterly compounding.
About this calculator
A recurring deposit (RD) lets you save a fixed amount every month for a set tenure at a fixed interest rate. This free RD calculator estimates the maturity value and total interest, crediting interest quarterly the way most Indian banks do.
How it works
Every monthly instalment is added to the balance, and interest is compounded at the end of each quarter. Because earlier deposits stay invested longer, they earn more interest than the later ones.
Worked example
Save ₹5,000 a month for 5 years (60 months) at 7% p.a. and you deposit ₹3,00,000 in total, maturing to roughly ₹3,58,000 — about ₹58,000 of interest.
Prefer a one-time deposit? Try the FD calculator. Investing in mutual funds monthly instead? See the SIP calculator.
Frequently asked questions
Each monthly deposit earns compound interest for the months it stays invested. Indian banks compound RD interest quarterly, which this calculator models by crediting interest at the end of every quarter.
An RD is a fixed amount deposited every month, ideal for building a habit of saving, while an FD is a one-time lump sum. Use the FD calculator for a lump sum.
Yes. RD interest is taxed at your income-tax slab rate, and banks deduct TDS if total interest crosses the annual threshold.
Yes, enter the post office RD rate. Note post office RDs have their own fixed tenure and compounding rules, so treat the result as an estimate.
No. The calculation runs entirely in your browser and nothing is uploaded.